C) Restrictions on the importation of products into a country

May be effected by means of tariffs, quotas or import deposits,

And are generally imposed to correct a balance of payments

Deficit.

D) The clause in an international treaty under which the signatories

Promise to extend to each other any favourable trading

Terms offered in agreements with third parties.

E) The elimination or reduction of import tariffs by the advanced

Countries on specified products exported by approved developing

Countries. The scheme was first introduced in 1971. The

Intention was to encourage the development and diversification

of developing countries’ exports.

F) They are imposed on commodity imports. They may be levied

On an ad valorem basis (на основе объявленной цены),

I.e., as a certain percentage of value, or on a specific basis,

I.e., as an amount per unit.

Read the text, complete it using the words from the box, and translate it into Russian

Barriers, labour, liberalizing, Agreement, Common Market, system

Economic integration is an important means of... (1) trade. The outstanding illustration is the

European...... (2) wherein internal trade... (3) are abolished, a common... (4) of tariffs is applied

To nonmembers, and the free internal movement of... (5) and capital is perceived. The 1988 USCanadian

Free-Trade... (6) is another example of economic integration.

19.7.4. Written/Oral Practice